> Eubulides wrote:
>
>> While folks are on the right track for pillorying "Nudge",
>> Andie noted a few years ago that Sunstein's "Free Markets
>> and Social Justice" was worth a read although, imo, it's
>> nowhere near as interesting as Morton Horwitz' stuff:
>
> Alan Greenspan has conceded a "flaw." Where does Cass Sunstein recognize the abject failure of "reputation effects"?
>
> Shane
=============
Or we could say that reputation effects are subject to Minsky moments too; reputations are destabilzing and subject to Ponzi processes. Oh to watch the economics profession engage in circular firing squads.......:-)
Ian